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Originally posted by CynicalWabbit
All of this arguing about which party is right and which is wrong is a total waste of time, they're 2 sides of the same coin. To boil it down this whole crisis is because of the economy, the better the economy the more money going into the government, all this talk about raising the taxes on the rich is just a drop in the ocean. So how do we restart the economy ?
1) Tax Cuts across the board, give people more spendable income.
2) Increase Tariffs on imports
3) Give tax breaks to corporations who increase their US employment
4) Lower Interest Rates
To help the deficit we can start by
1) Bring the troops home and cut military spending
2) Cut Foreign Aid Spending
Originally posted by habfan1968
It's funny most of the replies are focusing on who's fault it is or who created the problem, exactly what the two of them did on tv.
Originally posted by haarvik
You want jobs? you want new business? Then here is a plan. I have owned businesses before and anyone who has knows the first three years are make it or break it. So, how do you support new business and new jobs? It is really quite easy. This would apply ONLY to a NEW business, not existing.
The business, in it's first three years pays no tax. Zero. Nothing. No unemployment tax, no income tax, no matching tax, nothing. The government picks up the tab. Considering that the U.S. gave $4.46 billion to Pakistan in fiscal 2010, I think we can afford to do this. In addition, the new income tax paid by the employees will offset some of this cost. The business get's to reinvest to grow and become profitable and be able to survive and become a more stable employer. now, having said that one stipulation is that for a period of 15 years, no part of that business may be located outside of US borders. No employees are to be located outside of the US.
This in turn allows more purchasing from the suppliers who must then hire more employees to keep up with the new demand. It will snowball and our economy will recover.
Originally posted by CynicalWabbit
I'm all in favor of Drill-Baby-Drill since the majority of my business right now is the oil and gas industry since the banks are loaning almost no money for residential and commercial development.